Monument Capital Management Buys Shares of 17,944 Armstrong World Industries, Inc. $AWI

Key Points

• Monument Capital Management has acquired 17,944 shares of Armstrong World Industries for approximately $2.9 million, indicating growing interest from institutional investors, which currently own 98.93% of the company.
• Armstrong World Industries received numerous upgrades from analysts, with a price target set between $178.00 and $230.00, and an average rating of "Moderate Buy."
• The company reported a strong earnings performance for the last quarter, with an EPS of $2.09, exceeding estimates, and has set a guidance of $7.150-$7.300 EPS for FY 2025.

Monument Capital Management bought a new stake in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 17,944 shares of the construction company's stock, valued at approximately $2,915,000.

Other hedge funds have also recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Armstrong World Industries by 131.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 440,519 shares of the construction company's stock valued at $62,060,000 after purchasing an additional 250,133 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Armstrong World Industries by 34.0% in the 1st quarter. Invesco Ltd. now owns 680,622 shares of the construction company's stock valued at $95,886,000 after purchasing an additional 172,779 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Armstrong World Industries in the 1st quarter valued at approximately $23,449,000. Global Alpha Capital Management Ltd. acquired a new stake in shares of Armstrong World Industries in the 1st quarter valued at approximately $21,301,000. Finally, AQR Capital Management LLC boosted its stake in shares of Armstrong World Industries by 91.7% in the 1st quarter. AQR Capital Management LLC now owns 248,363 shares of the construction company's stock valued at $34,296,000 after purchasing an additional 118,830 shares in the last quarter. 98.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of Armstrong World Industries in a research note on Tuesday, June 24th. They issued an "overweight" rating and a $200.00 price target on the stock. Bank of America raised their price target on shares of Armstrong World Industries from $205.00 to $220.00 and gave the company a "buy" rating in a research note on Monday. Wall Street Zen downgraded shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a research note on Saturday, September 20th. Truist Financial raised their price target on shares of Armstrong World Industries from $195.00 to $230.00 and gave the company a "buy" rating in a research note on Friday, September 12th. Finally, UBS Group reiterated a "neutral" rating and set a $178.00 target price (up from $158.00) on shares of Armstrong World Industries in a research report on Wednesday, July 30th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Armstrong World Industries currently has an average rating of "Moderate Buy" and an average price target of $197.14.

Armstrong World Industries Stock Down 1.8%

NYSE:AWI opened at $194.82 on Friday. The firm's 50 day simple moving average is $194.86 and its 200 day simple moving average is $167.35. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.61 and a quick ratio of 1.11. Armstrong World Industries, Inc. has a one year low of $122.37 and a one year high of $201.72. The company has a market cap of $8.43 billion, a PE ratio of 28.82, a P/E/G ratio of 1.99 and a beta of 1.45.

Armstrong World Industries (NYSE:AWI - Get Free Report) last posted its earnings results on Tuesday, July 29th. The construction company reported $2.09 EPS for the quarter, topping the consensus estimate of $1.75 by $0.34. Armstrong World Industries had a net margin of 18.95% and a return on equity of 39.80%. The business had revenue of $424.60 million for the quarter, compared to the consensus estimate of $404.05 million. During the same period last year, the company earned $1.62 EPS. The firm's revenue was up 16.3% compared to the same quarter last year. Armstrong World Industries has set its FY 2025 guidance at 7.150-7.300 EPS. On average, research analysts anticipate that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current year.

Armstrong World Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th were given a $0.308 dividend. The ex-dividend date was Thursday, August 7th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 0.6%. Armstrong World Industries's payout ratio is 18.20%.

Armstrong World Industries Company Profile

Armstrong World Industries, Inc, together with its subsidiaries, engages in the design, manufacture, and sale of ceiling and wall solutions in the Americas. It operates through Mineral Fiber and Architectural Specialties segments. The company offers mineral fiber, fiberglass wool, metal, wood, felt, wood fiber, and glass-reinforced-gypsum; ceiling component products, such as ceiling perimeters and trims, as well as grid products that support drywall ceiling systems; ceilings, walls, and facades for use in commercial settings; and manufactures ceiling suspension system (grid) products.

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